Magnetic Solutions Limited in Sheffield, S9 2PR

Description

Data updated on: 01-11-2023

Magnetic Solutions Limited with the registration number 05657776 has been on the market for nineteen years. The Private Limited Company can be found at Unit 3 And 4 Brooklands Business Park, Leigh Street in Sheffield and company's post code is S9 2PR. The firm's principal business activity number is 22190, that means Manufacture of other rubber products. The firm's most recent accounts cover the period up to 2021/12/31 and the most recent annual confirmation statement was submitted on 2022/12/01.

There is 1 director at the moment controlling this specific company, specifically Marinus D. who has been doing the director's tasks since 2005-12-19. This company had been led by Anthony G. up until December 2020. Additionally another director, specifically Elisabeth D. gave up the position sixteen years ago. In order to support the directors in their duties, the company has been utilizing the expertise of Marinus D. as a secretary since December 2005.

Marinus D. is the individual with significant control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	21 516	30 788	28 039	16 418	13 076
Current Assets	940 363	703 535	605 388	724 260	663 528
Debtors	345 563	349 749	253 237	269 009	247 825
Net Assets Liabilities	402 557	350 492	356 175	353 250	314 645
Other Debtors	67 837	42 257	42 446	42 257	42 257
Property Plant Equipment	164 066	131 805	107 312	87 999	70 047
Total Inventories	573 284	322 998	324 112	438 833

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment	130 616	162 877	189 392	210 905	228 857
Amounts Owed By Related Parties	9 606		18 655	-165
Amounts Owed To Group Undertakings	11 469	39 223		6 031	50 474
Average Number Employees During Period	11	10	10	7	7
Bank Borrowings Overdrafts	6 203	200 171	50 000	44 518	34 890
Corporation Tax Payable			792	3 346
Corporation Tax Recoverable					2 747
Creditors	6 203	460 045	50 000	44 518	34 890
Future Minimum Lease Payments Under Non-cancellable Operating Leases	228 000	190 000	148 000	106 000	66 000
Increase From Depreciation Charge For Year Property Plant Equipment		32 261	26 515	21 513	17 952
Net Current Assets Liabilities	272 294	243 490	319 056	325 985	292 384
Other Creditors	19 162	10 617	6 367	7 049	8 732
Other Taxation Social Security Payable	7 033	63 712	81 364	30 249	44 512
Property Plant Equipment Gross Cost	294 682	294 682	296 704	298 904
Provisions For Liabilities Balance Sheet Subtotal	27 600	24 803	20 193	16 216	12 896
Total Additions Including From Business Combinations Property Plant Equipment			2 022	2 200
Total Assets Less Current Liabilities	436 360	375 295	426 368	413 984	362 431
Trade Creditors Trade Payables	451 753	146 322	107 794	225 834	160 445
Trade Debtors Trade Receivables	268 120	307 492	192 136	226 917	202 821